What's The Easiest Way to Lose Your Home ?

Education & Training TN LIC# 290452 (retired)


Gambling destroys families and lives !


Many foreclosures are the result of degenerate, addictive gambling !


Stay away from the casinos if you're struggling with your expenses !


Make sure that both your family and your home are your most important priorities !


Please don't gamble !


Posted by

David Saks

Time&Temp Memphis

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

In a past life, I was an analyst with a bankrutpcy law firm.  My job was getting info from clients and preparing chapter 13 budgets. 

I would estimate that 50% of the bankruptcy petitioners were in their financial mess because of gambling problems.  Most of the rest were mostly just spenders.

Feb 02, 2015 10:54 PM #1
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning David

Thanks for the post and wise advice. Have a great week.

Feb 02, 2015 11:01 PM #2
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Well that really sucks. I am so glad Hawaii is a state that doesn't allow gambling, or lotteries. It would be awful to see that happening every day.

Feb 03, 2015 03:39 PM #3
David Saks
Memphis, TN

The casinos aren't gargantuan because people win, Lenn Harley . Thanks.

Feb 03, 2015 09:15 PM #4
David Saks
Memphis, TN

Anyone with a mortgage and family should avoid a casino like a collapsed bridge, Patrick White . Thanks.

Feb 03, 2015 09:17 PM #5
David Saks
Memphis, TN

Life is better without casinos, Georgie Hunter . The nefarious psychology of getting something for nothing is what keeps the roulette wheel spinning and makes one a sucker for punishment because of the crippling addiction.

Feb 03, 2015 09:21 PM #6
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Very sad but true David. Gambling is like drugs or abusing alcohol, many can't control themselves. Also what gets me is that the local police arrested many people in the past for doing these things now the government wants to make money by having gambling legal in just about every state.

Feb 03, 2015 10:19 PM #7
David Saks
Memphis, TN

Maybe the Fed subsrcibes to the old adage, "If you can't beat 'em, join 'em", so the saying goes, Noah, if that's the Fed's intention. Wagering set a precedence south of Memphis in Tunica County and, so far, hasn't been able to cross state lines with the exception of the state lottery. Gambling is a disease. I don't gamble, and always encourage others not to because of the danger.

Feb 03, 2015 10:38 PM #8
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

David, as with ANY addiction it is to be taken seriously and sometimes intervention is the key--no matter where it comes from. 

Feb 04, 2015 01:30 AM #9
David Saks
Memphis, TN

So true, Gayle. Thank you.

Feb 04, 2015 01:51 AM #10
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